IDA

2024 - 4 - 29

African Leaders Unite for Financial Transformation at IDA Summit in Nairobi

African Leaders - Climate Change - Development Goals - Financial Support - IDA Summit - Infrastructure Development - World Bank Funding

Check out the highlights of the IDA Summit in Nairobi where African leaders push for increased funding and development plans. #IDA #AfricanLeaders #NairobiSummit

In a groundbreaking display of solidarity, 20 African leaders gathered in Nairobi for the IDA Summit, pledging to focus on transformative development projects. President William Ruto spearheaded the call for enhanced concessional funding from the World Bank, highlighting the urgent need for increased financial support. The summit kicked off with a strong push for more concessional funding, setting the stage for discussions on pressing development issues across Africa. President Ruto officially inaugurated the IDA21 Summit, emphasizing the importance of sourcing additional funding for crucial projects.

During the summit, heads of state reiterated the necessity of increasing the World Bank's IDA fund to $120 billion to cater to the specific needs of African countries. The focus shifted towards securing record financing to tackle climate change and enhance infrastructure development in the region. Ajay Banga, President of the World Bank, addressed the audience, underscoring the importance of mobilizing resources for Africa's sustainable growth.

Ugandan President Museveni emphasized the significance of infrastructure financing, highlighting the pivotal role of investments in railways, electricity, and irrigation for driving economic progress in Africa. The IDA Summit continued to draw attention to the vital role of financial support and strategic investments in promoting sustainable development across the continent.

Egypt's participation in the IDA for Africa Summit showcased the broad participation of African stakeholders, including government officials and civil society representatives, discussing ambitious development goals for the region. The summit provided a platform for diverse voices to converge on strategies to realize Africa's development aspirations.

African Leaders Unveil Bold Transformation Agenda at Summit ... (World Bank Group)

NAIROBI, April 29, 2024—In a historic show of unity, 20 African leaders assembled at a major summit committed to focusing development aspirations across the ...

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Image courtesy of "Kenya"

PRESIDENT RUTO TO IDA: ENHANCE CONCESSIONAL FUNDING (Kenya)

President William Ruto has led African heads of state and government in calling for increased concessional funding from the World Bank's International ...

African leaders call for increased concessional funding from World ... (新华网)

NAIROBI, April 29 (Xinhua) -- African leaders on Monday began a two-day summit in Nairobi, the Kenyan capital, by calling for increased concessional funding ...

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Image courtesy of "The Standard"

Ruto officially opens IDA Summit attended by over 10 African Heads (The Standard)

President William Ruto officially opens the IDA21 Summit attended by 16 African Heads of State at KICC in Nairobi; says conference aims to source more ...

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Image courtesy of "The Africa Report"

African leaders want World Bank's IDA fund increased to $120bn (The Africa Report)

Heads of state at the World Bank summit in Nairobi reiterate that the global financial architecture does not address specific needs of African countries.

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Image courtesy of "CNBCAfrica.com"

African leaders seek record World Bank financing to combat climate ... (CNBCAfrica.com)

NAIROBI, KENYA – APRIL 29: Ajay Banga, President of the World Bank, speaks to the audience during the IDA for Africa Heads of State Summit on April 29, ...

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Image courtesy of "New Vision"

Museveni roots for infrastructure devt financing at IDA Nairobi meeting (New Vision)

He reasoned that investment in railways, electricity, and investment in irrigation would go a long way in spurring rapid economic growth in Africa.

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Image courtesy of "Africanews English"

African heads of states meet in Nairobi for World Bank summit ... (Africanews English)

Established in 1960, IDA is part of the World Bank and aims to reduce poverty by providing grants and zero-to low-interest loans for programmes that boost ...

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Image courtesy of "Daily News Egypt"

Egypt participates in IDA for Africa Summit, discussing development ... (Daily News Egypt)

The summit brought together African government officials, civil society representatives, and young people. Participants discussed Africa's development ambitions ...

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Image courtesy of "Tuko.co.ke"

Kisumu: Video of Mama Ida Odinga Getting Braid Hairstyle from ... (Tuko.co.ke)

Mama Ida Odinga was in Kisumu where she got her hair done by a talented male hair salonist identified as Chaly B. Many parised the Afrucan look and black ...

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Image courtesy of "IPPmedia"

Samia urges 50 years loan periods in IDA-21 summit | The Guardian (IPPmedia)

President Samia Suluhu Hassan giving some remarks during the International Development Association replenishment summit in Nairobi. Photo: State House.

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Image courtesy of "HumAngle"

African Leaders Call For Ambitious $120 Billion IDA Replenishment ... (HumAngle)

The call comes amid multiple challenges facing the continent, including the debt crisis, climate change impacts, and ongoing geopolitical tensions.

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Image courtesy of "IPPmedia"

Reforms missing during EAC finance ministers' agenda for IDA-21 ... (IPPmedia)

WHILE each country in East Africa has had occasion to talk about reforms, there is no such thrust at the regional level as fiscal policy isn't an East ...

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Image courtesy of "3News.com"

Akufo-Addo leads call to double IDA funding at Nairobi summit (3News.com)

In a resounding address at the 2024 International Development Association (IDA) Summit held in Nairobi, President Nana Addo Dankwa Akufo-Addo of Ghana ...

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Image courtesy of "Reuters Africa"

World Bank chief expects rich nations to meet African donation ... (Reuters Africa)

World Bank President Ajay Banga said he expects donor countries to meet a request by African leaders to make record contributions to a low-interest facility ...

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Image courtesy of "Daily Nation"

Kenya caves in to stiff World Bank terms for cheap loans (Daily Nation)

President William Ruto delivers his speech during the opening session of the International Development Association (IDA21) Replenishment Summit at Kenyatta ...

Cassidy Announces $2.2 Million for Louisiana in Hurricanes Laura ... (Senator Bill Cassidy)

WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) announced Louisiana will receive $2,191,871.24 from the Federal Emergency Management Agency (FEMA) in ...

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Image courtesy of "Sierra Leone Telegraph"

President Akufo-Addo leads call to double International ... (Sierra Leone Telegraph)

In a resounding address at the 2024 International Development Association (IDA) Summit held in Nairobi, President Nana Addo Dankwa Akufo-Addo of Ghana emerged ...

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Image courtesy of "Medafrica Times"

African Leaders Convene in Nairobi for IDA Summit – Medafrica Times (Medafrica Times)

Founded in 1960 as part of the World Bank, the IDA aims to alleviate poverty by providing grants and low-interest loans to support programs that stimulate ...

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Image courtesy of "Devex"

African leaders set out IDA funding priorities at World Bank summit (Devex)

African leaders asked IDA to focus on three priority areas: stronger human capital and the creation of good jobs, including through private investments; ...

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